What’s in store for EUR/USD today? – OCBC Bank and Danske Bank

FXStreet (Edinburgh) - EUR/USD is trading on the right footing at the beginning of the week, will all the attention on the Eurogroup-Greece meeting due later.

In the opinion of Emmanuel Ng, FX Strategist at OCBC Bank, “Our near term view for the pair remains unchanged with the pair expected to anchor itself around the 1.1400 area pending further headlines out of Greece. A buy-dips stance may continue to prevail in the interim”.

In the meantime, analysts at Danske Bank recommends buying the pair targeting the recent peaks around 1.1530, although they deemed the upper1.1200s as critical support.